The leaders of the world's 20 major industrial and financial nation have vowed to reform the global financial systems - as a first step towards halting the worsening financial crises.

Although the global extent, length and depth may be in dispute, everyone agrees the world is suffering a serious financial and economic crisis. The financial sector in a number of countries, including the US, is close to being technically bankrupt. Beyond the financial sector a number of industries in the UK and elsewhere are teetering on the edge. These include sectors responsible for infrastruct...

The financial sector crisis has left governments with little choice but to bail out banks, lest the entire financial system collapses, yet these same banks were embarking on high-risk strategies while paying obscene bonuses only a few months ago. Understandably, this has given rise to calls for better regulation of financial markets. In Europe, which has an increasingly integrated financial

Alright, so what do YOU think of the massive financial bail-out of large financial institutions by the US Government? I have to say - on reflection - that it fills me with dismay since it reeks of de facto socialism, it increases the size of the State, and it sends the wrong economic signal. I know it is driven by political pragmatism perhaps, maybe even some kind of economic short term necessity ...

... don't you think? Governments and central bankers must take the blame for the financial crisis - not bankers, investors and others in the market, according to a new study. Well, there's a fucking shocker! In a comprehensive analysis of the causes for the financial and economic crisis, the Institute of Economic Affairs (IEA) has concluded that the disaster was caused by authorities' mistakes rat...

Financial Services Authority (FSA) chief executive Hector Sants has urged consumers and the financial sector to prepare for difficult economic times.

An array of new European financial supervisory bodies designed to monitor and avert future economic crises on the continent have opened their doors for business.  

Liberal Democrat Leader, Nick Clegg has warned that the financial crisis could become an “economic 9/11”. During a speech to the IPPR think-tank at Canary Wharf, Mr Clegg said that the consequences of the banking crisis could breed conflict and instability and push democracies into narrow nationalism. He said: “In our world, economic strength is power. We do not yet know, when th...

Assistance delayed, is assistance denied, especially in the midst of the global financial crisis and economic recession. If a country outside the European Union needs urgent financial help, the EU Council has to resort to the so called flexibility clause, which means haggling until every member state is on board, and achieving effective results only to that extent. *** Draft Constitution For these...

This article looks at developing countries and their economic performance. It does not find a link between the liberalisation of financial markets and the economic growth in these countries - contrary to the claims of free market ideologues.